Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt

BTC

BTC/USDT

$78,397.06

+4.71%

$78,397.06

+4.71%

(24s)

24h Volume

$45,413,284,511.16

24h H/L

$79,500.00 / $74,783.01

Change: $4,716.99 (6.31%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0046%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$78,442.66

▲ 0.13%

Volume (24h): -

Resistance Levels

Resistance 3$83,428.00

Resistance 2$80,796.28

Resistance 1$78,627.71

Price$78,442.66

Support 1$78,338.03

Support 2$76,482.36

Support 3$74,410.03

Pivot (PP):$76,955.02

Trend:Uptrend

RSI (14):86.0

Decrypt Editorial

(02:35 PM UTC)

1 min read

Verified byDavid Kim

Strategy used 61% of its dedicated cash buffer ($1.38 billion) to repurchase $1.5 billion in convertible notes.
Despite earlier corporate signals, the firm’s entire stash of 843,738 Bitcoin remained untouched during the debt repurchase.
Although Bitcoin’s price has fallen roughly 12% year-to-date, the Bitcoin buying firm’s common shares have advanced 8.8% since January.

Strategy burned…